Which of the following is false?
a. Market prices signal the relative availability of products to buyers
b. Market prices signal the relative value consumers place on products to sellers.
c. The information and incentives offered by market price adjustments provide the "invisible hand" toward socially desirable cooperation between consumers and producers.
d. None of the above are false; all are true.
d
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________ assume the risk of issuing a new stock in the hope of earning profits on its sale
A) Stock brokers B) Securities dealers C) Underwriters D) Stock speculators E) Reinsurers
A basket of goods cost $800 in the U.S. The same basket of goods costs $1,000 in France and the exchange rate is .80 euros per dollar. The same basket of goods costs 960 Australian dollars and the exchange rate is 1.2 Australian dollars per U.S. dollar. Purchasing power parity with the U.S. holds in
a. both France and Australia b. France but not Australia c. Australia but not France d. neither France nor Australia